Aeon Metals — Investor Presentation (September 2018)
20 slides from Aeon Metals's investor presentation, September 2018
Slide 1: Walford Creek: Australia's Largest Copper-Cobalt Development Project
WALFORD CREEK: AUSTRALIA’S LARGEST COPPER-COBALT DEVELOPMENT PROJECT September 2018
Slide 2: Important Information
IMPORTANT INFORMATION This document has been prepared by Aeon Metals Limited (Aeon) for the purpose of providing a comprehensive company and technical overview to interested analysts and investors. This document is not a prospectus and should not be considered an offer or an invitation to acquire sh
Slide 3: Board & Management Team and Capital Structure
BOARD & MANAGEMENT TEAM AND CAPITAL STRUCTURE 586M SHARES OUTSTANDING A$15M A$0.365 A$214M A$12.7M 2 LIMITED SHARE PRICE 1 MARKET CAP1 CASH RECOURSE 85M3 VENDOR DEBT4 VENDOR WARRANTS CHAIRMAN, PAUL HARRIS 25 years’ experience in financial markets and resources investment banking. Previously MD, Head
Slide 4: A World-Class Copper-Cobalt Project
A WORLD-CLASS COPPER-COBALT PROJECT 100% AML owned Walford Creek Project The highest grade significant cobalt deposit in Australia - containing +44kt Cobalt. Material upside along +20km strike HISTORICAL DRILLING +50,000m ▪ 1989-1996: WMC 93 holes (DD/RC) = 16,100m ▪ 2004-2006: Copper Strike 30 hole
Slide 5: Geological Code Unlocked
GEOLOGICAL CODE UNLOCKED Mineralisation is both structurally and lithologically controlled – Fish River Fault (FRF) and Pyrite Units (PY1 and PY3). PYI from ~25m. PY3 from ~140m PY1 Sedimentary exhalative (SEDEX) deposit - Massive sulphides Pyrite lenses containing Pb-Zn-Ag. Secondary event: Cu-Co h
Slide 6: 100% Owned Tenement with +20km Strike
100% OWNED TENEMENT WITH +20KM STRIKE AEON METALS | ASX:AML 6
Slide 7: Current Resources (Jan 2018)
CURRENT RESOURCES (Jan 2018) Second Round 2017 Drill Holes1 Examples of historical holes2 Copper Lode + Cobalt Peripheral Resource – Long Section Copper Lode Resource blocks Cobalt Peripheral Resource blocks ~3.6km Marley Zone Vardy Zone Copper Lode Resource: Cobalt Peripheral Resource: Category Mt
Slide 8: Walford Creek Cu-Co (Zn-Pb-Ag) Deposit
Walford Creek Cu-Co (Zn-Pb-Ag) Deposit Basin Wide Mineral System with ‘World Class’ Potential AEON METALS 2018 AEON METALS | ASX:AML ps
Slide 9: 2018 Drill Program Near Completion
2018 DRILL PROGRAM NEAR COMPLETION 2018 Drill Program commenced in April and has been a huge 2018 Drilling - Significant Intercepts success confirming: Hole No. Intersect Cu Co Ag From Location » Geological model along strike. m % % g/t m » World class size potential. WFDD272 14 1.33 0.19 35 186 Mar
Slide 10: 2018 Infill Drill Program Near Completion
2018 INFILL DRILL PROGRAM NEAR COMPLETION AEON METALS | ASX:AML 10
Slide 11: 2018 Infill Drill Program Near Completion
2018 INFILL DRILL PROGRAM NEAR COMPLETION AEON METALS | ASX:AML 11
Slide 12: Along Strike Exploration Success
ALONG STRIKE EXPLORATION SUCCESS AEON METALS | ASX:AML 12
Slide 13: Metallurgical Testwork in Progress
METALLURGICAL TESTWORK IN PROGRESS Refining metallurgical process parameters set out in the 18 April 2017 Cobalt Roasting Scoping Study: • Concentrator – Cu, Pb, Zn conc • Roaster – Co product, Sulphuric Acid Metallurgical teswork program designed by engineering consultant Wood plc 1.6t material uti
Slide 14: Indicative Project Parameters
INDICATIVE PROJECT PARAMETERS Feasibility items (Mining, Metallurgy, Environmental, Infrastructure/Logistics) in progress utilising first class, respected consultants. Indicative Project Parameters based on Roasting Scoping Study1 utilising 1.25mtpa Run-of-Mine Ore and subject to future modular expa
Slide 15: Indicative Targets
INDICATIVE TARGETS 1 Infill and expansion (along strike) drilling – COMPLETION NOVEMBER 2018 Resource Upgrade – Early Q1 2019 Metallurgical Flowsheet – Late Q1 2019/Early Q2 2019 Feasibility Study – Q2 2019 Resource/Reserve/Exploration Drill Campaign – Q2->Q4 2019 Mining Lease + Environmental Author
Slide 16: Investment Summary
INVESTMENT SUMMARY Advanced copper and cobalt project: • Leading Australian copper development. • The highest grade significant cobalt deposit in Australia = 44kt Cobalt Leveraged to strong growth in cobalt and copper prices Clear and consistent exploration model Current year 30,000m drill program n
Slide 17: Appendices
APPENDICES AEON METALS | ASX:AML 17
Slide 18: Appendix 1: Geological Model Description
APPENDIX 1: GEOLOGICAL MODEL DESCRIPTION A. Shallow holes from 50m to 80m intercept both possible supergene mineralisation together with strong copper and cobalt mineralisation associated with the PY1 in close proximity to the FRF. B. Drilled behind the shallow holes. These holes from 70m to 110m ca
Slide 19: Appendix 2: Historical Significant Intercepts
APPENDIX 2: HISTORICAL SIGNIFICANT INTERCEPTS 2010-2012 Drilling - 10 Sig Holes 2016 Drilling - 15 Sig Holes 2017 Drilling - 15 Sig Holes Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location Hole No. Intersect Cu Co Ag From Location m % % g/t m m % % g/t m m % % g/t m
Slide 20: Appendix 3: Australian Cobalt Comparables
APPENDIX 3: AUSTRALIAN COBALT COMPARABLES 0.18 Walford Creek Cu Lode [AML] Laterite deposit 0.16 Walford Creek Cu Lode+Co Peripheral [AML] Sulphide deposit Millenium, Qld [GMEC] KNP Co zones, WA [ARL] Syerston, NSW [CLQ] Bubble size is according to the cobalt metal content 0.14 Mutooroo, SA [HAV] 0.